N.Y. Comp. Codes R. & Regs. tit. 2 § 32.3

Current through Register Vol. 46, No. 45, November 2, 2024

Section 32.3 - Alternative method of circulation

In lieu of the requirement for publication prescribed by section 32.2 of this Part, such notice of the public sale of delinquent real estate tax receivables may be circulated in the following manner:

(a) by at least one publication of such notice in any newspaper or newspapers which are designated for that purpose by the finance board of such city; and

(b) by causing a copy of such notice to be delivered to the following:

(1) Office of the State Comptroller, 110 State Street, Albany, NY 12236-0001, Attention: Deputy Comptroller, Division of Investments and Cash Management;

(2) one or more trade publications of national recognition serving the municipal bond industry or asset securitization industry published on each business day in the State of New York which is generally available to participants in that respective industry;

(3) one or more trade wire services of national recognition serving the municipal bond industry or asset securitization industry which makes available information regarding activity and sales of municipal bonds or securitized assets, as applicable, and which is generally available to participants in that respective industry;

(4) at least two banks or trust companies having a place of business in the city; and

(5) at least 10 bond dealers and underwriters.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 32.3